21 October 2011
Ukraine slid three spots in the World Bank’s 2012 Doing Business Ranking to #152 of 183 economies studied, according to results announced yesterday, putting it further behind fellow CIS countries Belarus (#69, +22 spots) and Russia (#120, +4 spots). Ukraine lost the most points in the trading across borders area: “Ukraine made trading across borders more difficult by introducing additional inspections for customs clearance of imports.” Components of the ranking include starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, closing a business. Doing Business was first published in 2003 to provide an objective measure of business regulations and enforcement. More details are available at www.doingbusiness.org.